NEWS: TC Energy reports $1.1-billion Q4 profit, raises quarterly dividend to 90 cents

Share
Share
Tweet

Pipes intended for construction of the Keystone XL pipeline are shown in Gascoyne, N.D. on Wednesday April 22, 2015. TC Energy Corp. reported a first-quarter profit of $1.15 billion, up from $1.0 billion a year ago. THE CANADIAN PRESS/Alex Panetta

CALGARY — TC Energy Corp. raised its dividend as it reported a fourth-quarter profit of $1.1 billion.

The pipeline company says it will now pay a quarterly dividend of 90 cents per share, up from 87 cents per share.

The increased payment to shareholders came as TC Energy says its fourth-quarter amounted to $1.14 per share compared with a profit of $1.1 billion or $1.20 per share a year earlier when the company had fewer shares outstanding.

Revenue totalled nearly $3.6 billion, up from nearly $3.3 billion in the last three months of 2020.

TC Energy says its comparable earnings for fourth quarter 2021 amounted to $1.06 per share compared with $1.15 per share in 2020.

Analysts on average had expected an adjusted profit of $1.07 per share, according to financial markets data firm Refinitiv.

This report by The Canadian Press was first published Feb. 15, 2022.

Companies in this story: (TSX:TRP)

The Canadian Press

News from © The Canadian Press, 2022. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • 0045 WBPC 2023 Bright Colors P
    0045 WBPC 2023 Bright Colors P
  • 0044 PTRC CCUS Aquistore
    0044 PTRC CCUS Aquistore
  • 0043 ALX ten sizes
    0043 ALX ten sizes
  • 0042 Sask Oilfield Services
    0042 Sask Oilfield Services
  • 0039 Summit ESP Saskatchewan lower third
    0039 Summit ESP Saskatchewan lower third
  • 0041 DEEP Since 2018 now we are going to build
    0041 DEEP Since 2018 now we are going to build
  • 0040 Southeast College safety tickets
    0040 Southeast College safety tickets
  • 0033 Buffalo Potash Jared Small Footprint
  • 0032 IWS Summer hiring rock trailer music
  • 0029 Latus Viro updated Latus phone
  • 0025 Kendalls
  • 0026 Buffalo Potash Quinton Salt
  • 0023 LC Trucking tractor picker hiring mix
  • 0022 Grimes winter hiring
  • 0021 OSY Rentals S8 Promo
  • 0019 Jerry Mainil Ltd hiring dugout
  • 0018 IWS Hiring Royal Summer
  • 0014 Buffalo Potash What if PO
  • 0013 Panther Drilling PO ad 03 top drive rigs
  • 0011
  • 0006 JK Junior
  • 0004 Royal Helium PO Ad 02
  • 9001
  • 0002